Wednesday, February 19, 2020

Requirements for #Company #Formation in the #Free #Zones in #UAE

Requirements for #Company #Formation in the #Free #Zones in #UAE

Investors can either register one of the Free Zone entities, either in form of a Free Zone Establishment (FZE) or a Free Zone Company (FZC) also called the Limited Liability Company.
A Free Zone Establishment(FZE) has one shareholder while a Free Zone Company has two or more shareholders.
A branch or representative office of their existing or parent company based within the UAE or abroad could also be established, called the #Offshore #Companies.
A FZE or FZC is a limited liability company governed by the rules&regulations of the Free Zone in which it is established.
The provisions of the UAE Commercial Companies Law (CCL) do not apply to both registrations.
Before commencing a Free Zone Company or Establishment Registration, we will require the following documents from all shareholders/directors of the proposed new company:
1. Passport Copy and UAE Visa/UAE entry stamp (if non-resident)
2. Bank/Professional Reference Letter
3. Curriculum Vitae (summary of professional history)
4. Business Proposals
5. Company Application Form (which we shall provide)
6. Proof of Address (dated within 3 months) of shareholders amongst other documents.


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